Anthropic ($ANT): S-1 Breakdown: INFINITYHEDGE - Val Floor: ~$1T (Series H priced @ $58.90/sh in June 2026; ~16.94B fully diluted shares) -…
Anthropic ($ANT): S-1 Breakdown: INFINITYHEDGE
- Val Floor: ~$1T (Series H priced @ $58.90/sh in June 2026; ~16.94B fully diluted shares)
- Balance Sheet Cash (Jun 30, 2026): $131.65B cash & marketable securities (+$2.5B restricted cash & $15B senior secured credit line)
- 7 co-founders each worth $14B control >55% effective voting power (50.1% Class F shares)
- >11,900 customers spending >$100K/yr TTM
- >1,900 customers spending >$1M/yr TTM | ~250 customers spending >$10M/yr TTM.
- >90% of contributions to Ant’s codebase in Sep 2026 were written by Claude
⚠️ Risks & Dilution:
- Public Benefit: Contributed 846.84M Class N shares (5% of fully diluted stock) to Anthropic Public Benefit Fund, LLC, PLUS Board authorization to issue up to an additional 2% of total shares every time the stock price +50% above the prior milestone: infinityhedge
- All 7 co-founders also pledged 80% of personal equity to philanthropy.
- Ant warn it will prioritize safety over commercial timelines.
